The sun. [volume] (New York [N.Y.]) 1833-1916, 1887-11-15
COST or ruE rANAsrA o1wAL.
Tse csis-si.. Asest Rep.vt. ts.s $500
ooo.0 win be H~quirea % Complete 10.

ooo.ooo win be H~auired - Complete 10.
PANAMA, Nov. e.--Seffor TANGO Armero,
agent Of the Colombian Government on the
Isthmus respecting canal affairs, has COM
pleted his report on the canal. Ho says:
According TO the plans. the number Of
cubic metres 10 DO oxoayated In order to open
the canal was 14S,000000 and TO these figures
must be added the quantity Of earth to be
moved In order to lead of the waters Of the
Chagres, Obispo, and Rio Grsnde Rivers, which
amounts to 100000 cubic metres, making
the total excavations amount to 161.0O0.000
cubic metres. and as the amount taken out
MP to the end OF August Of the present year
was 39.925. 2a0 cubic metres. according to tho
figures Of tho company, thefe yet remain 1877
074.770 cubic metres to DO removed. As up to
date tho sum expended is s1s.02S.9O
francs. 1t 10 evident that tho cost per
metre Of work has been exorbitant.
We're We to base our calculations on these
Soss would y 1sHar BE- S.
s as fS se .e eos sfSGs.s
me AZ Tss
SSSllssStsd and the Iarchass and erection q
had TO Be met in order that work should ufd
S nd colossal Of modern Of Thus
been sa sbs to .
ada that already The upper and Caster
Work n, has been executed and that greater az.
Is sn the ssa the
now into the whole canal. At tho Culebra seo-
tion hills $50 feet above the sea level had to BE-
lions: AZ least 100000 cubic metres must
thrown INTO Panama Bay. as the Vsiiey aH 81
Par9iso will be filled whom 100000 metres
s iti,, have been thrown there and the same
distanee viii Involve eonslderabie outlay. The
most diffleuit and costly Of ali. The dam here
n s.6 m seSnd hsre 4 by sst sRS
which The TANKS Of this sissntio dam viii rest
viii now to another. watershed the water
which otherwise would follow the course OF
pons ssy Will a to
that the cost Of thus controlling the waters Of
5 1h Ghagres Will amount to $94.S4OOO0 or 471.-
The ordinary price which has been paid for
BEEN but s s nns %sst Be added
figure up to 50 at least per cubic metre And
aS sSa MSa sc ssy pa5. Fl
c ", metres, more q. less. will cost double
ILLS HRur0 SCOnSoQuontly tnero must yet be ex-
ranos. Hdd this to he cost Of t6e
asmpSa da%that T. T. goo ego francs
This IS tho amount Of gold which is still re- |
CURED before good maritime canal can be |
Company must nay Tor INTEREST on the ea eapita
which Wis il the work Is nd cSpciudsd within the
ssae . H amount to
The report says, that the company already
about 1O0. 100000 francs Of the August loan,
s9srs s should DO altogether today in hand 2l3
the total cash recaivedit shows that the COM
eaRny has already expsnded gig, 0s2. 900 francs.
;. that the expenses Of management, Interest.
Ell s,s amount t,i annually to 100000 900 tranos.
ma j ore viii b ny rsaussa
sn sss n aa the sSSad T F %
Ds di SI ,b to obtain The requisite fabulops
financial situation Of the company is serious.
Is INVOLVED. and Is alarming.
hat much work is being at present done on
+ aatun section Of the canal. and that IN
shp FsRss ses o s
lrst to enter the, Colon mouth Of the inter
'xpeotea viii Be- feasible At the end Il Janu-
There now remains only a small quantity OF
arth and perhaps loose rock. forming bar
airy to clear away. to enable the two dredges.
ne one working inward from Colon, and the
been pointed out that Gatun is
'ound to be one Of the central points on the
sthmus.. From the day the cutting referred
o shall have become an accomplished fact,
iatun will begin to assume the position OF q
htpping mart, and will cease to be an interior
illage.